Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Archive for October 2010

Gold Standard

leave a comment »

I was wondering what would happen if for example Finland or Sweden instituted a “Gold Standard”.  Don’t you think that their economies would boom.  Companies from around the world would rush to set up facilities to take advantage of a stable and secure currency.  It is apparent that the United States is no longer the world leader we once were.  I wonder if any nation would do this and what the results would be.  Food for thought.

Written by opinionoregon

October 26, 2010 at 10:19 pm

QE2

with one comment

Let’s look ahead a few years and take a look at the state of the U.S. economy.  Before we do that , pretend there is no hyperinflation.   In a few years, at the same rate of out of control spending, there will be no capital left to invest in America, with no capital, there will be no jobs and what will people do.  They will follow the jobs and leave the U.S. looking to better themselves and their families.  SOund familiar?  How ab out the late 1800’s in Europe, only they people left Europe and came to America.   I’d learn to speak Chinese if I were you.

John Galt

leave a comment »

I feel like “Going Galt”.

Written by opinionoregon

October 11, 2010 at 4:26 pm

Stimulus Plan

leave a comment »

When will the Obama administration admit their economic stimulus plan, which cost more than the Iraq war, failed? The stimulus has already failed to create the 3.5 million jobs President Barack Obama promised it would. It has already failed to keep unemployment below the 8% the President’s top economists predicted it would. And now, the Department of Labor reported today, a full 15 months after the National Bureau of Economic Research certified that the recession ended, that the U.S. economy lost another 95,000 jobs in September.

Total employment in the United States economy now stands at 130.2 million. This is 7.6 million jobs short of where the President promised the economy would be by December 2010 if Congress adopted his economic policies. 9.6% unemployment. A 7.6 million jobs gap. Unemployment is actually higher now than when the recession ended in June. If this is not the definition of failure, then what is?  Are you happy David Wu?